GCT Semiconductor (NYSE:GCTS) Posts Earnings Results, Misses Estimates By $0.02 EPS

GCT Semiconductor (NYSE:GCTS) issued its quarterly earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02), FiscalAI reports. The firm had revenue of $1.92 million during the quarter, compared to analysts’ expectations of $1.77 million.

Here are the key takeaways from GCT Semiconductor’s conference call:

• GCT said 5G commercial traction is building, with 3,000 5G chipsets shipped in Q1, up 58% sequentially from Q4, as customers move from testing toward initial deployments.
• Revenue rose to $1.9 million from $0.5 million a year ago, driven by higher product sales and service revenue, while gross margin improved sharply to 49% due to a richer mix of service and 5G-related revenue.
• The company expanded its engagement with a major satellite communications provider through a reference platform agreement, with initial 5G chipset shipments to that partner still expected to begin in the second half of 2026.
• Management said Q1 service revenue included a one-time licensing recognition, and future service revenue should be lower and more milestone-based as product shipments become the main revenue driver.
• Despite progress, the business is still early in commercialization, with Q1 cash of $7.2 million and management expecting operating expenses to ramp to about $8 million per quarter starting in Q3 as R&D increases.

GCT Semiconductor Price Performance

Shares of NYSE:GCTS traded down $0.13 on Wednesday, hitting $1.51. The company’s stock had a trading volume of 4,486,540 shares, compared to its average volume of 3,813,180. The company has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.27. GCT Semiconductor has a 1 year low of $0.90 and a 1 year high of $2.47. The company has a market capitalization of $109.07 million, a PE ratio of -1.86 and a beta of 1.27.

Hedge Funds Weigh In On GCT Semiconductor

Large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC raised its holdings in shares of GCT Semiconductor by 50.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,000 shares of the company’s stock valued at $90,000 after buying an additional 25,000 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of GCT Semiconductor during the 2nd quarter valued at about $95,000. Jane Street Group LLC purchased a new position in shares of GCT Semiconductor during the 2nd quarter valued at about $246,000. Geode Capital Management LLC raised its holdings in shares of GCT Semiconductor by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 414,944 shares of the company’s stock valued at $498,000 after buying an additional 17,867 shares in the last quarter. Finally, Blair William & Co. IL purchased a new position in shares of GCT Semiconductor during the 3rd quarter valued at about $47,000. 28.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GCTS. Weiss Ratings raised GCT Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of GCT Semiconductor in a report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3.50.

GCT Semiconductor Company Profile

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro. It also develops and sells cellular IoT chipsets for low-speed mobile networks such as eMTC/NB-IOT/Sigfox, and other network protocols; and 5G solutions. Its products and solutions are used in smartphones, tablets, hotspots, CPEs, USB dongles, routers, and M2M applications.